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September 10, 20250 citations

The Two-Warehouse Inventory Model for Non-Instantaneous Deteriorating Items With the Effect of Inflation and Preservation Technology

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RMRavi Kumar MeenaMRMohammad Rizwanullah

Key Points

  • The model addresses inventory management of deteriorating items while accounting for inflation and shortages.
  • A hybrid demand function, influenced by the selling price and stock level, enhances demand capture in the model.
  • Sensitivity analysis was utilized to validate the model’s optimality and effectiveness in inventory decision-making.
  • Numerical examples using Mathematica Software demonstrated practical applications of the two-warehouse inventory model.

Abstract

This study establishes a two-warehouse inventory model for deteriorating items, incorporating preservation technology, shortages, and inflation. Deterioration is considered a natural, non-instantaneous, constant process, which is mitigated through preservation technology. The model operates under the influence of inflation and allows shortages in the own warehouse. A hybrid demand function, dependent on both selling price and stock level, is applied to capture demand variations. The two-warehouse system comprises an own warehouse storing a fixed quantity and a rented warehouse (RW) for excess inventory. To demonstrate the model’s optimality, sensitivity analysis and graphical presentations are conducted. A numerical example is solved using Mathematica Software 7.0 to illustrate the model’s application

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Cite This Study

Meena et al. (2025) studied this question.

synapsesocial.com/papers/68c198b59b7b07f3a061a2d3https://doi.org/10.64837/gsa.12.4.4
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